What is the difference between network marketing and private franchising?
Image taken on 2009-03-01 13:08:33 by DavidErickson.
I have heard of both, but sounds vaguely private marketing franchise chain. Any idea?
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Tags: Between, Difference, franchising, Marketing, Network, private
March 25th, 2010 at 1:15 pm
To understand this you’d need to understand 3 terms buddy:
Network marketing: A relatively evolved mechanism of MLM involving various network structuring strategies (not just a binary or matrix model) and modular constructs for leadership development and independent business ownership.
Franchising: This is where individual franchise owners partner with manufacturers/service providers to follow a duplicatible system to enhance product penetration in the marketplace.
Private franchising: This combines the empowerment model of independent business owners in network marketing with the systemic cookie-cutter approach of franchising.
Hope it helps.